No Funds for Forced Labor Act
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, No Funds for Forced Labor Act, changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Foreign Policy, Government Operations.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section H6E7A22A84193464A9831806D3994F831: 1. Short title This Act may be cited as the No Funds for Forced Labor Act.
- Section H0E4F76DF4B36466EB4A166644F87E578: 2. Findings Congress makes the following findings: The International Labour Organization has expressed deep concern about the extensive use of forced labor in...
- Section HB9D3A86DC77E44DC97BF001DC6028E85: 3. Sense of Congress It is the sense of Congress that— international financial institutions should not fund, finance, or provide loan guarantees to any entity...
- Section H0B2079F8CF25450EB249DCD62856390E: 4. United States opposition to international financial institution loans for projects that would use, or have a significant risk of using, forced labor Title...
- Section HB85EC7E26E9C44A9BB7D01F9FEE8A746: 706. United States opposition to loans for projects that would use, or have a significant risk of using, forced labor The Secretary of the Treasury shall...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, No Funds for Forced Labor Act, changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Foreign Policy, Government Operations
Primary Purpose
This bill, No Funds for Forced Labor Act, changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Sponsors
Rick Scott
R-FL | Primary Sponsor
Legislative Progress
In CommitteeMr. Scott of Florida (for himself and Mr. Merkley) introduced …
Read twice and referred to the Committee on Foreign Relations.
Introduced in Senate
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_commission"
- → The commission identified in the operative section
- "secretary_of_treasury"
- → Secretary of the Treasury
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology